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IN RE KEHN RANCH, INC.

Bankruptcy No. 382-00038, Adv. No. 382-0074.

31 B.R. 936 (1983)

In re KEHN RANCH, INC., Debtor. The CONNECTICUT MUTUAL LIFE INSURANCE COMPANY, Plaintiff, v. KEHN RANCH, INC., Edwin E. Kehn, A. Maxine Kehn, Clark Kehn, aka Edwin C. Kehn, Bonnie L. Kehn, First National Bank of Minneapolis, Popham, Haik, Schnobrich, Kaufman & Doty, Ltd., A Minnesota Professional Corporation, John C. Devine, dba Devine's Redi-Mix, Fullerton Lumber Company, Harley L. Frasch, Dr. J.C. Marcum, Duane Hannum, dba Hannum Trucking, Marvin Reynolds, and Gregory County, South Dakota, Defendants.

United States Bankruptcy Court, D. South Dakota.

August 1, 1983.

Attorney(s) appearing for the Case

Thomas C. Adam and Brent A. Wilbur, Pierre, S.D., for plaintiff The Connecticut Mut. Life Ins. Co.

Rolfe A. Worden, Popham, Haik, Schnobrich, Kaufman & Doty, Ltd., Minneapolis, Minn., for defendants Kehn Ranch, Inc., Edwin E. Kehn, A. Maxine Kehn, Clark Kehn, aka Edwin C. Kehn, Bonnie L. Kehn.

Melvin I. Orenstein, Lindquist & Vennum, Minneapolis, Minn., for defendant First National Bank of Minneapolis.

Douglas R. Kettering, Yanton, S.D., for the unsecured creditors committee of the Bankruptcy Estate of Kehn Ranch, Inc., debtor.

MEMORANDUM DECISION

PEDER K. ECKER, Bankruptcy Judge.

On March 1, 1983, the Court held a trial in the above-entitled matter brought on by The Connecticut Mutual Life Insurance Company's (Connecticut's) complaint for relief from the automatic stay and a hearing on their objection to the fees of Kehn Ranch, Inc.'s (Kehn's), appraiser. During the trial and hearing, the parties introduced extensive appraisal testimony concerning the value of real property and...

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